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FDI in Vietnam better than expected

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Staff writer |
VietnamForeign direct investment in Vietnam this year has been worth $12.63 billion, and analysts believe that the full-year target of $13-14 billion will be achieved or even exceeded.

The investment in the first eight months represents an increase of 19.5 percent year-on-year. Vietnam failed to achieve the foreign direct investment target in the previous two years but last year the country unexpectedly achieved the target of $15-17 billion by attracting $16.3 billion.

In a recent press release, Neil Macgregor, managing director of Savills Vietnam, said his company has seen great level of interest from foreign investors who eye the country as a medium- to long-term investment destination.

"We are now seeing opportunities to invest across all sectors throughout Vietnam," said Mr. Macgregor.

In the first eight months manufacturing and processing attracted the largest amount of investment, $10.82 billion, and property followed with $588 million. This year Japan has remained the largest investor in Vietnam with $4.3 billion, followed by Singapore and Russia.

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